Gold, Biopharma Firms Dominate Friday’s 10 Top Performing Stocks

7. Strategy Inc. (NASDAQ:MSTR)

Strategy Inc., formerly MicroStrategy, increased by 10.15 percent on Friday to end at $299.98 each, in line with investor optimism in the stock and cryptocurrency markets, both finishing in the green territory during the session.

As of this writing, the price of Bitcoin was up by 5.32 percent at $83,826.15 after the White House announced that it was reviewing 15 trade deal offers from countries that submitted counterproposals with the US government.

The rally in MSTR shares can likewise be attributed to bargain-hunting following Thursday’s decline after the company paused purchasing Bitcoins in the first week of the month, earlier sparking concerns amid the company’s usual aggressive stance on Bitcoin acquisition.

Last week, MSTR received a Buy rating from TD Cowen and a price target of $550, an 83-percent upside from its latest closing price.

According to TD Cowen, the upgrade was based on optimism for MSTR’s $722.5-million fixed-income offer that could bolster its acquisition of more Bitcoins.